Gran Tierra Energy Announces Semi-Annual Loan Results

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CALGARIA, Alberta, June 3, 2021 (GLOBE NEWS) – Gran Tierra Energy Inc. (“Gran Tierra” or “Company”) (NYSE American: GTE) (TSX:GTE) (LSE:GTE) announced today the results of the semi-annual redefinition of the Company’s credit line and the results of voting at the annual meeting of shareholders held on June 2, 2021.

Revaluation results for the semi-annual credit line: The semi-annual review of the Gran Tierra revolving syndicated facility was completed and the syndicate of creditors participating in the facility agreed to confirm the facility without any changes. The next override is scheduled for November 2021.

Final voting results of the annual meeting of shareholders of Gran Tierra: The shareholders have chosen all eight people appointed by the Gran Tierra. In addition, shareholders voted FOR the ratification of the appointment of KPMG LLP by the independent registered auditing firm Gran Tierra for the fiscal year ending December 31, 2021, FOR the approval on an advisory basis of the Gran Tierra compensation. Tierra’s appointed executive directors and FOR approving the 2007 Equity Incentive Plan, as amended. The detailed voting results are as follows:

Suggestion 1
Election of directors For % Vs % Refrain No votes
Gary S. Guidry 108 336 328 92.6% 8 670 150 7.4% 14 281 873 66,720,244
Peter Day 108,030 207 93.5% 7 529 037 6.5% 15,729,107 66,720,244
Evan Hazell 110 127 583 95.1% 5 646 499 4.9% 15 514 269 66,720,244
Robert B. Hodgins 108 810 542 93.9% 7 084 199 6.1% 15 393 610 66,720,244
Ronald Royal 110 309 757 95.1% 5 651 042 4.9% 15 327 552 66,720,244
Sondra Scott 121 005 573 94.2% 7 418 539 5.8% 2 864 239 66,720,244
David P. Smith 110 452 322 95.3% 5 401 104 4.7% 15,434,925 66,720,244
Brooke Wade 108 887 133 94.0% 6,979,170 6.0% 15 422 048 66,720,244
Proposition 2 For % Vs % Refrain No votes
Ratification of appointment
Independent Registered
Public accounting firm
189 164 308 96.5% 6 915 808 3.5% 1 928 479 0
Proposition 3 For % Vs % Refrain No votes
Approval of the appointed manager
Officer’s remuneration
112 446 847 86.8% 17087380 13.2% 1,754,124 66,720,244
Proposition 4 For Vs Refrain No votes
2007 Share Capital Approval
Incentive plan as amended
102 994 885 79.3% 26,931,958 20.7% 1,361,508 66,720,244

About Gran Tierra Energy Inc.

Gran Tierra Energy Inc. together with its subsidiaries, it is an independent international energy company currently focusing on the exploration and production of oil and natural gas in Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Colombia and Ecuador and will continue to pursue additional growth opportunities that will further strengthen the Company’s portfolio. Ordinary shares of the Company are traded on the American Stock Exchange NYSE, the Toronto Stock Exchange and the London Stock Exchange under the ticker GTE. More information about Gran Tierra is available at www.grantierra.com. Information on the Company’s website (including the Sustainability Report) does not form part of this press release. Investor inquiries can be directed to info@grantierra.com or (403) 265-3221.

Gran Tierra Securities and Exchange Commission documents are available on the SEC website at http://www.sec.gov and on SEDAR at http://www.sedar.com and UK regulations are available on the website National Storage Engine at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Contacts

For investor and media inquiries, please contact:

Gary Guidry, CEO

Ryan Ellson, executive vice president and chief financial officer

Roger Trimble, VP of Investor Relations

+ 1-403-265-3221

info@grantierra.com

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